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16-07-2013, 02:08 PM
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FF.Com.Au Hardcore
Join Date: Mar 2005
Posts: 5,272
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O.k after being a courier for a few months in Vic driving all over Melbourne I started to notice many small and large factories were closed down with For sale and For lease signs up out the front.... In the west was the worst.
Then Ford made its BIG recent announcement and that news was shocking. Now Holden have come out and said they may close down as soon as this year if they do not get government assistance. Unemployment rate has risen to 5.7% (some say its closer to 10%), Centrelink recipients are up 20% more than last year, Internet job adds are down 30%, interest rates being lowered more and more by the month, and new car finance down to 2% and the second hand car market is dead. As far as I can tell we are already IN a recession and the way things are looking its not going to get better for aloooooong time.  |
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Australia is living through a long recession
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